Company: Quest Ventures
Description: Quest Ventures stands as a leading venture capital firm in Asia, having established a solid reputation in the venture capital landscape since its inception in 2011. The firm has centered its efforts on a comprehensive digital economy strategy across the region, positioning itself as a preeminent player in several sectors, including artificial intelligence, e-commerce, marketplaces, entertainment, finance, food, insurance, logistics, media, property, sports, and the Islamic digital economy.
Their impressive portfolio boasts industry leaders such as 99.co, Carousell, Carro, Glife, Hepmil, Oddle, Shopback, VulcanPost, Xfers, and Yummy Corporation, showcasing the firm’s commitment to nurturing innovative startups.
Quest Ventures also emphasizes innovation within enterprises by collaborating with the esteemed Applied Innovation Institute from Silicon Valley. This partnership leads the firm’s enterprise innovation initiative, which aims to drive industry and corporate transformation in at-risk sectors. Grounded in world-class research and leveraging local knowledge, this initiative works alongside startups to address challenges within sectors such as alternative food, aviation, banking, insurance, logistics, transportation, oil and gas, and smart cities. Noteworthy clients benefiting from this innovative drive include well-recognized corporations such as Applied Materials, Coca-Cola, HP, Nissan, and Tencent.
Furthermore, Quest Ventures adopts a multidimensional approach to environmental, social, and governance (ESG) issues, leading the charge in Asia as the first venture firm to implement a comprehensive ESG strategy. This initiative supports a wide array of social good projects throughout Asia, focusing on areas such as financial inclusion, gender equity, healthcare, and education for all. Their impact acceleration initiatives encompass advocacy, investment, and collaborative efforts with their venture portfolio, which includes organizations like Ethis, Hatch, and Social Collider.
The firm recognizes that the true potential of Asia lies in its people. By the end of 2022, Quest Ventures had cultivated a portfolio of 100 venture-backed companies operating in over 150 cities across Asia. This expansive network has generated employment and advancement opportunities for more than 4,400 individuals. Additionally, their enterprise and ESG initiatives have positively impacted thousands more, underlining Quest Ventures' commitment to fostering growth and innovation throughout the region.